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-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax rates was more important than anything else, including getting rid of those deductions to pay for them supposedly. let's watch. >> what's most important to romney, would he scale back on the 20% tax cut for the wealthy? would he scale back and say, okay, we're going to have to raise taxes for the middle class? i guess the question is what's most important to him in his tax reform plan -- >> keeping tax rates down. by lowering tax rates, people keep more of the next dollar they earn. >> that's more important -- >> that's more importa
-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax...
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deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not very popular. how does play in florida with all those seniors? >> right now in florida, you've got about 12 million registered voters. 36
deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think...
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Oct 7, 2012
10/12
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FOXNEWSW
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Oct 10, 2012
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who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut our investments in education or clean energy or research or technology. that's not a jobs plan. does not plan to grow the economy. that is not change. that is a relapse. we have been there and we have tried that. we are not going back, we are moving for. that's why i'm running for a second term as president of the united states. -- we are moving forward. [cheers and applause] we've got a different view about how to create jobs and prosperity in america. a strong economy does not trickled down from the top. it grows from a thriving
who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut...
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Oct 9, 2012
10/12
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. >> obama's four deficits are the four largest in history. >> reporter: with the debate performance showing up in the polls, it's putting more importance on the next two debates to come and looking ahead to tonight, both president obama and mitt romney are campaigning in ohio this evening. the president in columbus across the state, mitt romney near youngstown, one in the state and he will be joined by new jersey governor chris christy. >>> you heard it there and that is probably one of the most quoted clips. >> mitt romney sharing his desire to cut funding for pbs and its beloved character, big bird, of course. the obama campaign is out with a new tv ad going out with the line. >> gluttons of greed and the even genius who towered over them. one man has the guts to speak his name. >> big bird, big third, big bird. >> it's me, big bird. >> big, yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about, it'ses is me street. >> i'm going to stop the subsidy to pbs. >> reporter: mitt romney taking on the enemies no matter what is next. >> and theysh
. >> obama's four deficits are the four largest in history. >> reporter: with the debate performance showing up in the polls, it's putting more importance on the next two debates to come and looking ahead to tonight, both president obama and mitt romney are campaigning in ohio this evening. the president in columbus across the state, mitt romney near youngstown, one in the state and he will be joined by new jersey governor chris christy. >>> you heard it there and that is...
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Oct 14, 2012
10/12
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they talk to robin nation's debt and deficit. let's hear what mitt romney had to say. [video clip] >> the approach is similar to bowles-simpson. bowles-simpson said to lower the rate to make it possible for small businesses to grow, but we will also limit exemptions. they put up different alternatives. i am open to the ideas they put out in bowles-simpson, that kind of approach. host: mitt romney open to bowles-simpson. guest: anytime you have a blue ribbon commission, especially if it is dealing with massive rearrangement of how the government spends money, it will be a tricky sort of thing for a politician before an election. host: is it a dangerous issue when trying to garner tea party support? guest: i think it is savvy on his part. the bowles-simpson commission was a blue panel. president obama called together. they came up with a lot of hard decisions nobody liked. then he dismissed it and went on his way. i think it could be tricky. i think it is savvy in one respect. mitt romney is running on the idea he will make tough decisions, that he is not going to skip o
they talk to robin nation's debt and deficit. let's hear what mitt romney had to say. [video clip] >> the approach is similar to bowles-simpson. bowles-simpson said to lower the rate to make it possible for small businesses to grow, but we will also limit exemptions. they put up different alternatives. i am open to the ideas they put out in bowles-simpson, that kind of approach. host: mitt romney open to bowles-simpson. guest: anytime you have a blue ribbon commission, especially if it is...
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social security hasn't contributed one nickel to the deficit, can pay out benefits for the next 20 years. the president should be saying now what he said four years ago. he is not going to cut social security while romney and ryan certainly are. >> would you blame the president himself or his aides and advisers who were supposedly preparing him for this first debate? >> wolf, all of us in public life like to blame our staff when things go bad, but you know what, at the end of the day, it's the president, it's a united states senator, it's a congress person. we've got to take responsibility. the president should have got in there swinging, differentiating what a progressive policy position is as opposed to an extreme right wing one. put romney on the defensive. how dire you give tax breaks to the richest people in this country while we have the most unfair distribution of wealth and income. how dare you throw children off of medicaid when we've got 50 million people without any health insurance today. put him on the defensive instead of saying oh, i agree with you on this. i agree with yo
social security hasn't contributed one nickel to the deficit, can pay out benefits for the next 20 years. the president should be saying now what he said four years ago. he is not going to cut social security while romney and ryan certainly are. >> would you blame the president himself or his aides and advisers who were supposedly preparing him for this first debate? >> wolf, all of us in public life like to blame our staff when things go bad, but you know what, at the end of the...
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Oct 10, 2012
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so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is about what the pentagon spends every six hours. >> six hours. to be clear, mr. romney and mr. ryan's idea for the deficit to save the country from fiscal disaster and pay for the stuff they want to do that's really expensive, their plan is to eliminate six hour's worth of defense spending. one-fourth of one day's worth of defense spending. at the same time, to make overall defense spending go like this. because, you know, they are the numbers guys. math. >>> i just find it troubling that the president's message -- the president's focus -- 28 days from election day is big bird. >> these a
so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is...
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Oct 9, 2012
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we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to more government, less government, pay month for that government, pay less for that government, and that is the debate. >>guest: pbs is a good example. if it is as valuable as people say, the world woul
we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame...
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Oct 7, 2012
10/12
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WBFF
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our surplus, into a huge deficit. so, in paying the deficit down, you should score the fact that we are coming out of iraq and afghanistan. and, the other thing that the president has proposed and understands, is, that we cannot cut our way to prosperity. we need a balanced approach. and, growing our economy, by doing things like the senator does, like restructuring the auto industry, in order to put people back to work, and make manufacturing jobs grow, is one of the actions that we need to take, in order to do that. but, the fact of the matter is, the president because he has the responsibility of office, has been specific about what he proposes and mitt romney tells us, to trust him, with his plan, it is hiding behind door number 3, with carol merrill and his undisclosed tax returns. >> you know... really, the lines are great, but, chris, the bottom line is this: his budget, tax increase on i don't believe creators, budget gimmicks, and, brings us to $25 trillion in debt over ten years. in fact, this president has
our surplus, into a huge deficit. so, in paying the deficit down, you should score the fact that we are coming out of iraq and afghanistan. and, the other thing that the president has proposed and understands, is, that we cannot cut our way to prosperity. we need a balanced approach. and, growing our economy, by doing things like the senator does, like restructuring the auto industry, in order to put people back to work, and make manufacturing jobs grow, is one of the actions that we need to...
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Oct 8, 2012
10/12
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay ior it. if we can't trt t him here... how could we ever trust him here?
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay ior it. if we can't trt t him here... how could we ever trust him here?
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gerri: romney's court in that debate on issues that he really wanted to talk about, jobs and the deficit. my understanding is that you just looked at this today and found obama scored 20 on the deficit and romney scored 41. when the team to jobs, 24357. run the way out ahead >> obama keeps saying, romney's test plan will go below this $5 trillion : the budget. the other line, i have this $4 trillion plan. there is no plan. i have to blame people in the media. they are correctly pressing romney to be more specific about his plans, but i don't think that the press has been even handed in asking barack obama about his plan. you keep saying have a $4 trillion plant. i have not seen it. here is nother issue along those lines. the president has gone so negative year. calling romney a liar which is something you don't typically do. >> i live in virginia, so we are just saturated. everytime you turn of the tv. football game, fox news. one after anotr, and these guys almost all of the obama ads are-. and that -- and not so sure that works so well for an incumbent is tgo after the opponent like th
gerri: romney's court in that debate on issues that he really wanted to talk about, jobs and the deficit. my understanding is that you just looked at this today and found obama scored 20 on the deficit and romney scored 41. when the team to jobs, 24357. run the way out ahead >> obama keeps saying, romney's test plan will go below this $5 trillion : the budget. the other line, i have this $4 trillion plan. there is no plan. i have to blame people in the media. they are correctly pressing...
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Oct 8, 2012
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but i was reading an article about the score for the obama, the deficit going down. >> bill: yeah and they always try to take the good news and turn it into bad news. >> caller: i know it's crazy. but back to the debate peter. it was not the president's best night. and certainly he has bounced back from that. >> caller: he didn't have to do that bad -- not that i thought he did bad at all but it's just that it is a no-win situation. >> bill: yeah hold on just one second -- yeah. i want to grab something here. the other thing i have noticed now in the post debate season is more and more people are starting to look at what romney said and how it just doesn't add up. we have talked about that on the taxes. he said i never asked for $5 trillion in tax cuts, and he i'm going to take care of it by closing loop holes, and he has never said what it was except getting rid of bird big. he said i learned early on you have to sit down with democrats and republicans, and we worked all the time across the aisle. the "new york times" said they were fighting like cats and dogs when he was governor. a
but i was reading an article about the score for the obama, the deficit going down. >> bill: yeah and they always try to take the good news and turn it into bad news. >> caller: i know it's crazy. but back to the debate peter. it was not the president's best night. and certainly he has bounced back from that. >> caller: he didn't have to do that bad -- not that i thought he did bad at all but it's just that it is a no-win situation. >> bill: yeah hold on just one second...
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Oct 9, 2012
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if you just extended the bush tax cuts it would add a trillion dollars to our deficit. why? mcmitt romney is looking out for the rich speaking of which, how about the iraq war? mitt romney was in favor of it, the entire republican party. how much did that cost? is this estimates have it as high as $5 trillion. and you're talking to me about big bird? you're talking to me about big bird? $22 million you want to cut and your dumb ass war cost $5 trillion. your tax cuts for sheldon adelson cost $2 billion. i'm not having the conversation about big bird and cutting down his nest until we talk to the other guys first. on the essence of that, the obama campaign is right. >> when we come back, the republicans are so loathesome they've now got a lobby to make sure that we are not protected from cancer. >> we have 15 homes in this area and maybe 11 people have died or more with cancer. >> the koch brothers are killing me and my family. >> and how are they buying politicians to do it? you'll find out in the next segment. and then, the romney girls. they found women in favor of romney.
if you just extended the bush tax cuts it would add a trillion dollars to our deficit. why? mcmitt romney is looking out for the rich speaking of which, how about the iraq war? mitt romney was in favor of it, the entire republican party. how much did that cost? is this estimates have it as high as $5 trillion. and you're talking to me about big bird? you're talking to me about big bird? $22 million you want to cut and your dumb ass war cost $5 trillion. your tax cuts for sheldon adelson cost $2...
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Oct 11, 2012
10/12
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bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the last two years. some of your big trading partners like spain, ireland, italy are separating less by us. it makes it harder for us to pay off our debt. but here is the crucial thing you need to know. yes it is worse than we thought and yes it is taking longer but we are making progress thanks to the good result of george osborn we've cut off the deficit. 25%. that has helped to keep our interest rates at record low levels. keeping the market is low. more money in your pockets, giving businesses more confidence to invest, creating more jobs. and if you don't bel
bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the...
WHUT (Howard University Television)
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Oct 10, 2012
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WHUT
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when he is asked how he will cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he has been saying every time he's asked a question. "well, we can cut out pbs." for all your moms and kids, don't worry, summit is finally getting tough on big bird. >> mitt romney criticize president obama for focusing on what he called "saving the big bird swo." >> these are tough times with tough issues for you have to scratch your head when you to the president's been in the last week talking about big bird. [applause] i actually think we need a president who talks about saving the american people and setting good jobs and saving our future. >> ohio is asking the supreme court to overturn a federal pills ruling that struck down the state's effort to prevent early voting the weekend before the election. although as republican controlled legislature had barred early weekend voting fleming state officials need the time to prepare for election day. last month, the u.s. district court ruled the state had failed to
when he is asked how he will cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he has been saying every time he's asked a question. "well, we can cut out pbs." for all your moms and kids, don't worry, summit is finally getting tough on big bird. >> mitt romney criticize president obama for focusing on what he called "saving the big bird swo." >> these are tough times with...
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Oct 9, 2012
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think in the republican world they think the spending side is easiest place to go to try and close the deficit. >> it isn't. what's occurring in my campaign there's a slogan we're going to have a balance budget that takes many town to 18% gdp and would savage everything people care about. so you've got to come in with the most controversial ones. that's again why the two most important and largest programs are controversialal to get after social security and medicare. when you're dealing with things that are controversialal that can be demagog, it's terribly important to start off with both a republican and a democrat on board who are willing to stay the course against often times opposition in your party. >> you're running against one of those spending cuts republicans who really wants to slash the budge fet, but is a beneficiary herself of the agriculture programs which was one of the biggest programs in nebraska. >> well, that's true. what i'm saying in this one is that the simple slogan balancing budget through a constitutional amendment isn't going to get the job done. it's going to take
think in the republican world they think the spending side is easiest place to go to try and close the deficit. >> it isn't. what's occurring in my campaign there's a slogan we're going to have a balance budget that takes many town to 18% gdp and would savage everything people care about. so you've got to come in with the most controversial ones. that's again why the two most important and largest programs are controversialal to get after social security and medicare. when you're dealing...
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Oct 12, 2012
10/12
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CSPAN2
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, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that could shut down the transportation system, military networks, and military systems. secretary panetta's remarks came yesterday in new york city. >> frank, five words. you deserve to be here. [applause] ladies and gentlemen, it is now and high honor to introduce the most talented, versatile, and experienced leaders in american government, a man who serves our country by meeting the extraordinary challenges of our times. i am sure secretary of defense, leon panetta thinks on his days in the u.s. army intelligence where he received the army accommodation metal. he chaired the house budget committee before moving on to
, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that...
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Oct 9, 2012
10/12
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CNBC
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it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ame
it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk....
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Oct 8, 2012
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MSNBCW
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how he would reduce the deficit? by when? did anyone ask? >> i mean, there's two components to his tax reform plan. one is a huge tax cut, which is going to add up to $5 trillion. and the other is to pay for it. so he's been explicit about one part, which is the tax cut. he hasn't been detailed about the last part. but obama never pressed him on this. that's your point. these are 90-minute forums, they're highly intense. >> you just did it, mika, so why couldn't he? >> that's what i'm wondering. >> everybody out there, democrats were yelling at the camera. >> because it's been the conversation for a month. and for the president not to know -- >> it's stunning, isn't it, sam? it's stunning. but mike, you know, if romney is moving to the center, if he is changing his positions, that's probably good for him electorally. usually candidates do that -- every candidate does that at the convention. mitt romney seemed to do it in the middle of his first debate. >> yeah, well, he could have done it at the convention and no one would have noticed given
how he would reduce the deficit? by when? did anyone ask? >> i mean, there's two components to his tax reform plan. one is a huge tax cut, which is going to add up to $5 trillion. and the other is to pay for it. so he's been explicit about one part, which is the tax cut. he hasn't been detailed about the last part. but obama never pressed him on this. that's your point. these are 90-minute forums, they're highly intense. >> you just did it, mika, so why couldn't he? >> that's...
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Oct 6, 2012
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yeah president obama promise to get our spending under control by cutting the deficits in half. he also was so confident that shortly after taking office, president obama said he would fix the economy in three years or face a one term proposition. today he has broken those promises. now his words have no credibility. midway to the debate, the president realized that he had an president for the past four years and it was his policies and his agenda that failed to produce any of the results that a promised us as a candidate. president obama had not shown the kind of leadership we need. the face crisis today. which requires a steady hand. in a leader focus on the job. a president obama's focus has been on saving his own job. as party chairman, i understand that the president must campaign. but he also has a job to do. while barack obama enjoys being president, he does not seem to enjoy the work required in being a great president. for example, he has not bother to meet with his own jobs council since january. however, he has found the time for a lavish campaign fund- raisers, 140 c
yeah president obama promise to get our spending under control by cutting the deficits in half. he also was so confident that shortly after taking office, president obama said he would fix the economy in three years or face a one term proposition. today he has broken those promises. now his words have no credibility. midway to the debate, the president realized that he had an president for the past four years and it was his policies and his agenda that failed to produce any of the results that...
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Oct 10, 2012
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KQED
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be walking away from the negotiations that we've been engaged in here at the white house for a big deficit reduction and debt reduction package. >> narrator: bipartisanship was long buried. now there was open antagonism. >> when that collapsed and when that ended up in that terribly muddy compromise that nobody liked, i think that was the turn. i think at that point he and everybody around him decided, "this isn't working and we're not going to work this way." >> and the american people i think are fed up with political posturing and an inability for politicians to take responsible action as opposed to dodge their responsibilities. >> we've seen his approval ratings on the economy dip... >> narrator: three and half years after he came to washington on a promise of change... >> obama is under 50% approval rating... >> narrator: ... barack obama returned to the campaign trail himself changed. >> a difficult road ahead for the president... >> i think you see today a president obama with a thicker skin, more jaundiced eyes, has grown more skeptical, even cynical perhaps, about washington. >> n
be walking away from the negotiations that we've been engaged in here at the white house for a big deficit reduction and debt reduction package. >> narrator: bipartisanship was long buried. now there was open antagonism. >> when that collapsed and when that ended up in that terribly muddy compromise that nobody liked, i think that was the turn. i think at that point he and everybody around him decided, "this isn't working and we're not going to work this way." >> and...
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we have a $1 trillion deficit! >> holding steady. >> bill: said a -- >> we had a surplus under clinton. >> bill: no, no, no, no. the debt wasn't xed out. you're mixing up the deficit with the debt. no, no, no, you're missing the deficit with the debt is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing, the highest tax revenues in the history of this nation occurred in 2007. the government got more money from we, the people, than any other time in history under the bush tax, the rich tax cuts. >> bill: after an hour at the podium, the two moved to more comfortable quarters. >> how is it that two personalities such as yourselves who are almost polar opposites politically, share a willingness to come together when congress can't? what advice would you give congress? [ applause ] [ laughter ] >> bill: what would you like for christmas, little boy? [ laughter ] get
we have a $1 trillion deficit! >> holding steady. >> bill: said a -- >> we had a surplus under clinton. >> bill: no, no, no, no. the debt wasn't xed out. you're mixing up the deficit with the debt. no, no, no, you're missing the deficit with the debt is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing,...